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  • $7,400,000

    7400 Shasta Ave, Elk Grove, CA 95758

    --beds
    0baths
    5.98Acres
    Residential Acreage
    Built in ----
    5.98 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    5.98-acre parcel of land that presents an exceptional opportunity for both residential and commercial development. Situated strategically between Sacramento and Elk Grove, this property is zoned for Residential and Residential Acreage, providing flexibility for a range of projects. Permit for 216 apartments by Sacramento City. Some key highlights of the property include: -Ideal for townhomes, apartment complexes, single family dwelling -Opposite the property is Cosumnes River College, a significant institution that could potentially complement certain types of developments. -The area boasts a population of 52,000 households with a median income of $84,827, indicating a strong market demand for various types of properties. -Easy access to major freeways, Sacramento International Airport, rail lines, and two ports, making it a hub for seamless connectivity. There is no CEQA requirement as it is an infill parcel, streamlining the development process. 2 lots - 2 APN - selling together or separate 2.84 acre - $2,840,000.00 APN/Parcel ID 117-0202-041 5.98 acre $7,440,000.00; APN/Parcel ID 117-0202-042
    199 days
    on Zillow
    |
    159
    |
    10
    |

    Zillow last checked: 7 hours ago

    Listing updated: January 29, 2025 at 12:26pm

    Listed by:

    DRE #01357217 916-712-2735,

    Statewide Realty & Mortgage

    Source: MetroList Services of CA,MLS#: 224055000Originating MLS: MetroList Services, Inc.
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Features
    • Has fireplace: No

    Property

    Lot
    • Size: 5.98 Acres
    • Features: Corner Lot, Sidewalk(s)
    • Topography: Mostly Level
    • Residential vegetation: None
    Details
    • Parcel number: 11702020420000
    • Zoning: permit for 216 apartments
    • Zoning description: Commercial,Residential,Single-Family,Multi-Residential
    • Special conditions: Offer As Is

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public, Other

    Community & HOA

    Location
    • Region: Elk Grove

    Financial & listing details

    • Tax assessed value: $4,733,820
    • Annual tax amount: $50,199
    • Price range: $7.4M - $7.4M
    • Date on market: 1/29/2025
    • Income includes: None
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